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Jan 18, 2013
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we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ this is $100,000. we asked total strangers to watch it for us. thank you so much. i appreciate it. i'll be right back. they didn't take a dime. how much in fees does your bank take to watch your money? if your bank takes more money than a stranger, you need an ally. ally bank. your money needs an al. omnipotent of opportunity. you know how to mix business... with business. and you...rent from national. because only naonal lets you choose any car in the aisle. and go. you can even take a full-size or above. and still pay the mid-size price. i could get used to this. [ male announcer ] yes, you could business pro. yes, you could. go national
we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ this is $100,000. we asked total strangers to watch...
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Jan 14, 2013
01/13
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also congress has got to deal with the debt ceiling. we're hitting it yet again. sometime in mid-february, authorities believe. and this time it looks like republicans will be pushing for cuts and social will be on the table. finally, you mentioned vice president biden meeting today with cabinet members to finalize recommendations on guns including pushing for an assault weapons ban, but also what he said is a comprehensive approach to gun control. the nra and others don't believe in assault weapons ban can pass in congress. we'll get his recommendations tomorrow. >> thank you. >>> colin powell is speaking out on nbc's "meet the press" he endorsed chuck hagel to be the new defense secretary. he said hagel would do a great job at the pentagon. powell also fired harsh words at his own republican party. >> there's also a dark -- a dark vain of intolerance in some parts of the party. what do i mean by that? what i mean by that they still sort of look down on minorities. how can i evidence that? when i see a former governor say that the president is shucking and jiving
also congress has got to deal with the debt ceiling. we're hitting it yet again. sometime in mid-february, authorities believe. and this time it looks like republicans will be pushing for cuts and social will be on the table. finally, you mentioned vice president biden meeting today with cabinet members to finalize recommendations on guns including pushing for an assault weapons ban, but also what he said is a comprehensive approach to gun control. the nra and others don't believe in assault...
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Jan 16, 2013
01/13
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ceiling to a deal on spending cuts. >> in the end, it's a threat they can't sustain. no one is going to default. no one is going to allow united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we're in a position that we can't, in fact, in the end enforce our will. because we have no evidence of president obama's going to compromise. i think the president is deliberately seeking confrontation. he's going out of his way to bully the house republicans. >> and allen simpson, the co-founder of the campaign to fix the debt, also warning against bargaining over the debt ceiling. >> do you believe the gop should be using the debt ceiling as a leverage point to get the president to agree to the cuts? >> i think that would be a grave mistake. i don't think that would solve anything. i know they're going to try it. how far we'll go, i have no idea. if you're a real conservative, really honest conservative without hypocrisy, you want to pay your
ceiling to a deal on spending cuts. >> in the end, it's a threat they can't sustain. no one is going to default. no one is going to allow united states to not pay its bills. no one is going to accept the economic costs. it rallies the entire business community to the president's side. i don't think we should pick fights where we're in a position that we can't, in fact, in the end enforce our will. because we have no evidence of president obama's going to compromise. i think the president...
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Jan 15, 2013
01/13
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translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has already passed. the laws that it's already passed. republicans are saying it's about borrowing authority. essentially running up the country's credit card. >> exactly. what the republicans are saying is look, we maxed out the credit card. it's time before we extend any new credit or allow any new credit to do something aboutbe the spending that got us here. that would seem on the surface to be a reasonable argument. but so far, the republicans have not been able to win it. and what tends to happen in the fights when you get all of this late hour melodrama as we have had in the last cou
translation, the debt ceiling deal didn't do enough about the debt itself. so keep this in mind when you hear it said,be with great certainty it's the republicans trying to force spending cuts over endangering the nation credit rating. as will rogers quoted once, "it isn'tbe what we don't know that gives us trouble. it's what we know that ain't so." bret? >> bret: the president has effectively turned the messaging around. by saying it's about paying the bills that congress has...
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Jan 21, 2013
01/13
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we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president gror norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ ♪ gerri: almost exactly one year ago today in this program, in this segment we told you about the president hosting a white house event and a chilling viewers he's serious about tackling unemployment. that was his job council. a combination of academics, union reps command ceos. back in unemployment was eight and a half%. today it has fallen. it has fallen, but not far enough. and i would like to tell you that the jobs council is on the case tried to drive us to zero on employment, but the truth is it is not met in the year. the 26-member panel officially known as the president's council on jobs and competitiveness last convened on january
we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president gror norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ ♪ gerri: almost exactly one year ago today in this...
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Jan 14, 2013
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president obama is warning that a political deadlock over the nation's debt ceiling could damage the u.s. economy and beyond. it's estimated without the deal the government could run out of money to pail its bills as early as mid-february. the president said the idea of refusing to raise the debt ceiling is irresponsible and absurd. >> republicans in congress have two choices here. they can act responsibly and pay america's bills are act irresponsibly and put america through another economic crisis. but they will not collect a ransom for not crashing the american economy. >> shep: they say they won't support raising the debt limit and there a battle line. the debt ceiling is the maximum amount of money that the united states can borrow. the law requires congress to control and authorize any money needed to pay for federal programs. debt ceiling was introduced way back in world war one. it was meant to give the treasury department more spending at that time. wendall goler, the president seemed that he was willing to call the republicans' bluff on this thing. >> he won't collect ransom
president obama is warning that a political deadlock over the nation's debt ceiling could damage the u.s. economy and beyond. it's estimated without the deal the government could run out of money to pail its bills as early as mid-february. the president said the idea of refusing to raise the debt ceiling is irresponsible and absurd. >> republicans in congress have two choices here. they can act responsibly and pay america's bills are act irresponsibly and put america through another...
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Jan 20, 2013
01/13
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they are hoping the timing will be better to deal with the sequestration with the debt ceiling but that is cosmetics. john is right. the premise of your question is right. this is a party that lost its way, lost its vision, lost its approach and the president is trying --. >>gregg: the president's approval rating is 53 percent and negative 48 percent and that is almost the lowest of any second-term president in six decades. nixon did better than that. however, look at the house of representatives republicans. they are showing disapproval rating at 73 percent. >> they have been perceived at negative, out of touch positions that are not popular. >>gregg: gay rights and tax rights? >> and they fit into the demonization they are protecting the rights of the rich. >> they do not have a pro growth agenda, creating jobs, they do not have a message. >>gregg: and the republican party is out of touch according to six in ten. five in ten, they rank poor on climate change and women's issue. >> there is a center right agenda that is solid majority of the american people buy into, but bottom line, th
they are hoping the timing will be better to deal with the sequestration with the debt ceiling but that is cosmetics. john is right. the premise of your question is right. this is a party that lost its way, lost its vision, lost its approach and the president is trying --. >>gregg: the president's approval rating is 53 percent and negative 48 percent and that is almost the lowest of any second-term president in six decades. nixon did better than that. however, look at the house of...
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Jan 17, 2013
01/13
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what happens if we have another deal, a debt ceiling deal or something that is of the same milk? >> i'm sensing both -- i can see both sides of the argument with this. i understand wanting to storm the castle, but get the foot in the door first, but at the same time, people like boehner realize they are dancing on the edge of the cliff here so to speak, in trouble of losing the entire base, ultimately the goal of the admintration. they want to divorce the grassroots base from the plan party, looking two years ahead at midterm and looking at tactical issu and not the overall strategy, but a lot of this, nemo, goes back to the state level as well. who are voters going to elect to represent them in two years? how are voters holding elected officials' feet to the fire in their own state? we have to see more of that. ultimately, that's the pathway to get real change in the house, and that's really the way we're going to be able to enforce the values. neil: overcome the mainstream media, cast full of nuts and crazy and the ocupy wall street guys are the normal guys. the world's upside
what happens if we have another deal, a debt ceiling deal or something that is of the same milk? >> i'm sensing both -- i can see both sides of the argument with this. i understand wanting to storm the castle, but get the foot in the door first, but at the same time, people like boehner realize they are dancing on the edge of the cliff here so to speak, in trouble of losing the entire base, ultimately the goal of the admintration. they want to divorce the grassroots base from the plan...
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Jan 20, 2013
01/13
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we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teachesaid she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ [ male announcer ] now ny humana medicare plans come with a little extra help in the kitchen. in a first of its kind partnership with walmart, humana medicare plans now include 5% savings on great for you healthier foods at walmart! it's part of the vitality healthyfood program... and one more way humana medicare can help you choose what's good for your health and your wallet. so you can spend a little less money... and spend a little more time sharing what you know with the people who matter most. humana. ♪ ♪ gerri: almost exactly one year ago today in this program, in this segment we told you about the president hosting a white house e
we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teachesaid she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ [ male announcer ] now ny humana medicare plans come...
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Jan 19, 2013
01/13
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take a listen. >> it is time to repeal the debt ceiling and today we're introducing legislation to do just that. instead of playing a game of chicken with the full faith and credit of the united states, we must deal with the economic and fiscal problems that face our nation responsibly without blackmail. >> congressman, why should congress step a bay from taway the debt limit process altogether? >> well, a statutory requirement to have a vote to increase the debt ceiling is unnecessary. it has served the purpose. back in 1939 that was enacted into law to try to create some flexibility so that the nation could obtain more favorable financing so we go from time to time, and you make increases in the debt ceiling to accommodate the need to borrow money to pay for the spending that you've already authorized, but now that is being used as a political weapon. one of my colleagues said that they've weaponized the statute, and using it for politics and it is hurting our fiscal situation. it's hurting our economy and we simply do not need to allow one side to use it to extract spending cuts. o
take a listen. >> it is time to repeal the debt ceiling and today we're introducing legislation to do just that. instead of playing a game of chicken with the full faith and credit of the united states, we must deal with the economic and fiscal problems that face our nation responsibly without blackmail. >> congressman, why should congress step a bay from taway the debt limit process altogether? >> well, a statutory requirement to have a vote to increase the debt ceiling is...
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Jan 19, 2013
01/13
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we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ at a dry cleaner, we replaced people with a machine. what? customers didn't like it. so why do banks do it? hello? hello?! if your bank doesn't let you talk to a real person 24/7, you need an ally. hello? ally bank. your money needs an ally. executor of efficiency. you can spot an amateur from a mile away... while going shoeless and metal-free in seconds. and you...rent from national. because only national lets you choo any car in the aisle...and go. you can even take a full-size or above, and still pay the mid-size price. now this...will work. [ ale announcer ] just like you, business pro. just like you. go naonal go like a pro. at legalz
we tackle this and more house republicans finally unveil their new debt ceiling deal. we examine the good combat command ugly with americans for tax reform president grover norquist later. one ohio teacher said she has a crippling fear of being children, but is still being forced to work with them. she says it is discrimination. we have to ask our legal team about this outrageous case. for on the case next on "the willis report." ♪ at a dry cleaner, we replaced people with a...
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Jan 21, 2013
01/13
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ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4 trillion dollars by his lonesome so that we no
ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a...
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Jan 20, 2013
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we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just eoverreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%, disapprove 42%. but when they are asked how is the country headed, right direction 35%, wrong direction, 57%. they approve of the president but think he's going completely in the wrong direction. he's a lucky boy, many would argue, that he's gotten a second term, given the state of the economy, given the fact that most americans think the country is going in the wrong direction. he's been given that lucky second chance. and he campaigned well. you have to give him that. what are his challenges in the second term? >> the first thing every president has to be careful of in a second term, as margaret allud
we just heard the house republicans are going to try to negotiate a short-term debt ceiling deal so they can try to go for a grand bargain. second-term presidencies have just been spent and filled with misspent political capital that has just eoverreach in terms of presidents looking for a legacy and overspending their political capital. that's the risk president obama -- >> interesting in this cnn poll that just come out, how is president obama handling his job as president, approve 53%,...
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expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been addressed. but nevertheless, we have a set of a restrictive fiscal policies now. federal fiscal policy will subtract from real gdp growth something on the order of one% to 1.5% this year. it is quite a drag on the economy. there is more work to do. let me be clear about that. it will be a long haul. it will not happen overnight. basically because the government budget represents the values and priorities of the public and decisions being made about what to spend on, what to tax and so on are difficult and contentious decisions and will take some time to address. >> those issues, of cour
expressed concern about how much of the chill news were addressed in the deal. it went part way, but it leaves a number of issues still on the table and negotiations are looming. would you characterize that as an additional cliff that is facing us? or is it not as concerned as it was when you raised that term initially? >> as i said, the fiscal kloof, if allowed -- the fiscal clef, if allowed to take place, would probably create a recession this year. a good part of that has been...
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Jan 21, 2013
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ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a sign of leadership failure, it's a sign that the u.s. government can't pay its own bills, it's a sign that we now depend on ongoing financial assistance from foreign countries to finance our government's reckless fiscal policies. leadership means that the buck stops here. instead, washington is shifting the burden of bad choices today on the backs of our children and grandchildren, therefore intend to oppose the effort to increase america's debt limit. in 2008, candidate obama blamed president bush and called the growing debt unpatriotic. >> number 43 added 4 trillion dollars by his lonesome so that we no
ceiling. >> so i want to be clear about this, the debt ceiling is not a question of authorizing more spending. raising the debt ceiling does not authorize more spending, it simply allows the country to pay for spending that congress has already committed to. >> mike: well, according to the congressional record, in 2006, then senator barack obama had this statement just before a debt ceiling vote and i quote, the fact that we are here today to debate raising america's debt limit is a...
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ceiling critical watersheds. >>> elsewhere, a troubling new report finds more than one in four workers are dipping into retirement funds to keep up with their current bills. apparently folks in their 40s are most likely to do that. >>> some good news, though, on the housing front. new numbers show home prices rose 7.5% in 2012, the most in six years thanks to improving demand and fewer foreclosures. >>> swiss group swatch is adding some sparkle to the brand, scooping up harry winston's luxury line of jewelry and watches for about $1 billion. >>> toyota has once again dethroned general motors as the world's top-selling automaker, selling just under 10 million vehicles last year. >>> coca-cola is taking some heat for its new ad campaign encouraging people to come together to fight obesity. critics say coke is just doing damage control to combat its own contribution to the country's growing obesity problem. >>> we'll find out what facebook's big mystery is in a much-hyped media event today. rumors range from a new search feature to a possible facebook smartphone. >>> and nike pulled out a
ceiling critical watersheds. >>> elsewhere, a troubling new report finds more than one in four workers are dipping into retirement funds to keep up with their current bills. apparently folks in their 40s are most likely to do that. >>> some good news, though, on the housing front. new numbers show home prices rose 7.5% in 2012, the most in six years thanks to improving demand and fewer foreclosures. >>> swiss group swatch is adding some sparkle to the brand, scooping...
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Jan 14, 2013
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at the enof the day, there's a deal. >> yeah, this is like the debt ceiling is a phony argument. it's really about charter renewal. it's a renewal of a charter do continue spending, and what time and again the american people have been misled on the debt ceiling, what we are talking about you can't default. the government can't default on the debt or paying china and the like, what's bad is entitlement reform. you can. >> but he won't. >> that's not covered by the debt ceiling. >> the president loathes to cut spending of any kind. he wants more spending, in fact, and under no circumstances will he touch medicare, medicaid, social security. agree with that? >> surprised if he touchedded them if there's no real substantive cuts. the only way to cut the diset would be to hit those. i don't think he will. think about this. if simpson-bowles was enacted two years ago or now, if it had, ten years down the road, debt to gdp would be 65%. livable. in greece, it's 100 and change. the other european countries it approaches a hundred. if we do nothing including the new deal putting put toge
at the enof the day, there's a deal. >> yeah, this is like the debt ceiling is a phony argument. it's really about charter renewal. it's a renewal of a charter do continue spending, and what time and again the american people have been misled on the debt ceiling, what we are talking about you can't default. the government can't default on the debt or paying china and the like, what's bad is entitlement reform. you can. >> but he won't. >> that's not covered by the debt...
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Jan 20, 2013
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with the debt ceiling as l. i spoke to one of the president's closest advisers who told me, point blank, the president has told him, he knows he has about a year to get the big things done. then he becomes a lame duck and then you have to start shifting more and more toward foreign policy, traveling around the world. on the domestic agend ahe has a very short time before he becomes a lame duck. >> the president's inaugural address tomorrow is a tradition that dates back to george washington in 1789. the president plans to look ahead more than back in the speech. let's get some insight from the wall street journal columnist. what are your thoughts on what the president needs to say in order to be most effective, to best set himself up, going into the next four years? >> reporter: well, i don't know. we will find out what he and his aides have decided about that, just about 24 hours from now. i think a second inaugural address is always a little bit difficult, you know? a first inaugural, everybody's new and excit
with the debt ceiling as l. i spoke to one of the president's closest advisers who told me, point blank, the president has told him, he knows he has about a year to get the big things done. then he becomes a lame duck and then you have to start shifting more and more toward foreign policy, traveling around the world. on the domestic agend ahe has a very short time before he becomes a lame duck. >> the president's inaugural address tomorrow is a tradition that dates back to george...
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ceiling, there's no deal. what kind of progress can we hope for here? our political panel debates that coming up in our next hour. now to another big debate playing out in washington over the obama administration's efforts to overhaul the nation's gun laws. we heard some of that this morning. here is the president addressing this issue during a white house news conference, we mentioned, moments ago. >> what you can count on is that the things that i've said in the past, the belief that we have to have stronger background checks, that we could do a much better job in terms of keeping these magazine clips with high capacity out of the hands of folks who shouldn't have them, an assault weapons ban that's meaningful that those are things i continue to believe make sense. >> megyn: new york senator chuck schumer is going a step further than the administration. now calling on wal-mart and other retailers to suspend sales of some types of weapons that are now perfectly legal until washington can come up with a new gu
ceiling, there's no deal. what kind of progress can we hope for here? our political panel debates that coming up in our next hour. now to another big debate playing out in washington over the obama administration's efforts to overhaul the nation's gun laws. we heard some of that this morning. here is the president addressing this issue during a white house news conference, we mentioned, moments ago. >> what you can count on is that the things that i've said in the past, the belief that we...
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authorize an increase in the debt ceiling so we can pay our bills. that is the right way to do it. i think that is what will eventually happen. i do not think that going off in the other direction would really be helpful. >> hello chairman bernanke. i am a second year mpp. second question from the audience, does the debt ceiling still have a practical are busy and could it be in limited without much consequence? >> no, it does not really have -- it has symbolic value, i guess area. no other country, i believe, have this particular institution. just so everybody understands what it is, the congress appropriate $100, tells the government to spend $100 on whatever. then it raises $80 in revenue through its tax code. the arithmetic care -- you have got to borrow $20. no, the congress has to give a third rule which says that 100 - 80 equals 20. if the congress is approving spending and taxing, and they are not equal, then logically, there has to be something to make up the difference. that is borrowing. i am not saying that visits and deaths are a good thing thing. not at all. the way t
authorize an increase in the debt ceiling so we can pay our bills. that is the right way to do it. i think that is what will eventually happen. i do not think that going off in the other direction would really be helpful. >> hello chairman bernanke. i am a second year mpp. second question from the audience, does the debt ceiling still have a practical are busy and could it be in limited without much consequence? >> no, it does not really have -- it has symbolic value, i guess area....
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. >> the debt ceiling is not a deal of authorizing more spending. raising the debt ceiling does not authorize more spending, simply allows the country to pay for spending that congress has already committed to. gerri: what do you say to that? speaker he is gearing up for a partisan brawl. his press conference today was a little hypocritical because whe he was a senator in 2006 and george bush wanted to raise the debt ceiling he said no and called george bush failed president. gerri: one of the reporters got up and said only a few years ago you were saying that this kind of fight makes no sense, would have to have fiscal discipline. what do you say to this? speak of the president has been the beneficiary of large increases in mandatory spending because two-thirds of the spending is mandatory so he doesn't have to pass bills increase spending. the public is not aware of it, spending now 24% of gdp historically 20% of gdp. gerri: and deficits far as the eye can see. clearly this is a situation that cannot continue forever. they have said let's take it
. >> the debt ceiling is not a deal of authorizing more spending. raising the debt ceiling does not authorize more spending, simply allows the country to pay for spending that congress has already committed to. gerri: what do you say to that? speaker he is gearing up for a partisan brawl. his press conference today was a little hypocritical because whe he was a senator in 2006 and george bush wanted to raise the debt ceiling he said no and called george bush failed president. gerri: one...
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ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill tonight. what's behind this house republican plan. >> bill, a lot of g.o.p. frustration has been based on the fact the senate has not passed a budget. so republicans are trying to force it house speaker john boehner told house members, quote: before there is any long-term debt alowe time for a budget to get done. >> he our hope is to pass something very early so the senate can take action as well. i wouldn't put any jeopardizing of the economy there. shows that it is a very rational, put us on a better path an
ceiling. the deal not all worked out just yet. but apparently it this will not require the spending cuts that house republicans had wanted. just released fox news poll finds that 69% favor raising the debt limit only if there are major spending cuts involved. and 23% say it's reckless not to raise it regardless. the poll also shows more than 8 in 10 think government spending is out of control. only 11% believes it's being managed carefully. mike immanuel tracking developments on the hill...
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Jan 17, 2013
01/13
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MSNBCW
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if you watch what happened on the fiscal cliff, if you watch the way he is handling the debt ceiling, i think he understands that he has a lot of high cards he is going to play those, and the republicans are in some disarray here. tom cole in the house leadership say half the republicans voted against the fiscal cliff deal secretly hoped it passed. we've entered a new kind of framework. guns are a different story. it's going to be tough, maybe impossible to pass all the different stuff the president proposed, and some like the background checks, 90% of americans are for them. nra numbers are for them. one really big thing is happening. the old line that this is about conphysician cat iing people's guns taking guns away from hunters has been opposed because this has been too vivid a tragedy, and the president has been so swift and so clear. >> and anybody who goes back and looks at the heller case, the d.c. gun case, knows that the supreme court has made it very clear this is want about confiscating your guns, but some restrictions on military weapons are quite legal and constitutional
if you watch what happened on the fiscal cliff, if you watch the way he is handling the debt ceiling, i think he understands that he has a lot of high cards he is going to play those, and the republicans are in some disarray here. tom cole in the house leadership say half the republicans voted against the fiscal cliff deal secretly hoped it passed. we've entered a new kind of framework. guns are a different story. it's going to be tough, maybe impossible to pass all the different stuff the...
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Jan 15, 2013
01/13
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CSPAN
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what we deal with is -- technically, we should have passed the debt ceiling at the beginning of the year but we were able to extend the period and the treasury says -- at least by march, sometime in march, they will need authority from congress to borrow more money. >> how are republicans in congress reacting to the comments? >> republicans in the house side are just getting into town and they will disappear for their political retreat. senate republicans are not scheduled to be in this week. i know from following twitter and following the reaction from speaker boehner and mitch mcconnell they didn't agree with his comments and expect to pass legislation on the house side and passing legislation for the debt ceiling and the spending issue, as they see it. >> is any of this complimented by tim geithner being eager to exit his post. >> this is about the president and what he wants. jack lewis is a former office of managment and budget director and he knows these issues. and they've been through this before in summer 2011. i don't think geithner's exit effects it either way. >> david drucke
what we deal with is -- technically, we should have passed the debt ceiling at the beginning of the year but we were able to extend the period and the treasury says -- at least by march, sometime in march, they will need authority from congress to borrow more money. >> how are republicans in congress reacting to the comments? >> republicans in the house side are just getting into town and they will disappear for their political retreat. senate republicans are not scheduled to be in...
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Jan 18, 2013
01/13
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CSPAN2
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with the debt screaming and the -- ceiling and the sequesters. house republicans concerned if they do anything about tax reform. they may leave it open to the senate and not taking action and taken the vote for no reason. are you optimistic? >> first of all, i have -- we have to reself the debt crisis in terms of sequestration. and in term of the full, faith, and credit in the next six weeks. we aren't going to accomplish tax reform in the next six weeks. so we have a deadline that i think cannot be basically moved for what we need to do in the next six weeks. that will leave us adequate time to tackling the longer range problems. we're not going tackle tax reform in the next six weeks. we need to essentially deal with the sequestration, specially find a balanced approach that is going to raise a trillion dollars or close to. so that's why i have some optimism because we need to face up to the next six weeks, resolve it, and -- [inaudible] >> rick. [inaudible] by conflict -- i want to ask you about one of the big things the intiement element refo
with the debt screaming and the -- ceiling and the sequesters. house republicans concerned if they do anything about tax reform. they may leave it open to the senate and not taking action and taken the vote for no reason. are you optimistic? >> first of all, i have -- we have to reself the debt crisis in terms of sequestration. and in term of the full, faith, and credit in the next six weeks. we aren't going to accomplish tax reform in the next six weeks. so we have a deadline that i...
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Jan 20, 2013
01/13
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MSNBC
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. >> i don't want to have that conversation in the context of the three-month debt ceiling deals. if we are going talk entitlements, is there room to push on the entitlements and suggest a larger social safety net, things like providing opportunities for poor children beginning to close the wealth gap is a priority. >> raise the health care law. i think it's very important to remember that law isn't fully operational, yet. there is -- yes, exactly. there's an enormous amount of work to do. there's a lot of resistance in the states. that's going to be a struggle. >> one piece of that is in 1997 we did a balanced budget deal. one thing that happened when that period of republicans and democrats came together was step back and as part of consolidating the budget, they shift resources. that was the deal. it was a deficit reduction deal. one thing it created was a children's health program. it's functioning today. it isn't the case of periods of deficit consolidation. it's not just cutting and grinding these things out. how to run a smarter government and run things into resources we n
. >> i don't want to have that conversation in the context of the three-month debt ceiling deals. if we are going talk entitlements, is there room to push on the entitlements and suggest a larger social safety net, things like providing opportunities for poor children beginning to close the wealth gap is a priority. >> raise the health care law. i think it's very important to remember that law isn't fully operational, yet. there is -- yes, exactly. there's an enormous amount of work...
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Jan 13, 2013
01/13
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CNNW
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tdd#: 1-800-345-2550 >>> the debt ceiling is the next self-inflicted crisis that congress needs to deal with the debt limit is not like a credit card. it is simply not. it makes me crazy. when republicans and democrats alike, including the president, continue to use this misleading analogy. it's also not the same as your household budget with a few zeros taken out. for those who don't remember the last time congress pushed us past the debt ceiling, here's how it works. congress and the president spend money by creating bills and signing them into law. that is when the money is committed. last year, the u.s. government spent $3.8 trillion. two-thirds of that, the green came from revenue. the rest of it, the red, came from borrowing, the deficit. the sum total of all of these annual deficits, plus the interest is national debt. today the national debt extends at $16.4 trillion. the treasury is empowered to borrow money to make up for that shortfall. but only up to a certain amount. that's the debt ceiling. keep it in mind, the treasury does not make decisions about how the money is spent.
tdd#: 1-800-345-2550 >>> the debt ceiling is the next self-inflicted crisis that congress needs to deal with the debt limit is not like a credit card. it is simply not. it makes me crazy. when republicans and democrats alike, including the president, continue to use this misleading analogy. it's also not the same as your household budget with a few zeros taken out. for those who don't remember the last time congress pushed us past the debt ceiling, here's how it works. congress and the...
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Jan 18, 2013
01/13
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FBC
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you will have the debt ceiling potential deal. liz: hence worries will cause volume at this time to go higher. >> sequester and continuing resolution. you have all this political risk. if you think about the last two, three years, liz, the bottom line, people outperformed, people that generated alpha, bought during periods of political fear. the people that added to the market, added to their exposure to the market during times of complacency typically underperformed. you want to save that powder for those political fear moments. david: save your cash until the debt ceiling thing collapses. maybe three months. want to focus on europe. spain and italy have $2.6 trillion worth of bonds outstanding. 2.6 trillion. they have got to borrow more, about 150 billion, in order to pay off old debts with old bonds. how will they do it. what happens if there is no buyers? >> look at spain. look at lehman. there is so many great comparisons because, --. david: that is not a good thing for spain. >> well, you look back to 2008. the fed bailed ou
you will have the debt ceiling potential deal. liz: hence worries will cause volume at this time to go higher. >> sequester and continuing resolution. you have all this political risk. if you think about the last two, three years, liz, the bottom line, people outperformed, people that generated alpha, bought during periods of political fear. the people that added to the market, added to their exposure to the market during times of complacency typically underperformed. you want to save...
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Jan 15, 2013
01/13
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FOXNEWSW
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ceiling. remember, president bush was in office at the time, so senator obama would probably be against some of the things he was talking about, particularly the debt ceiling. the senator called it irresponsible to increase the debt. listen to then-senator obama. >> the problem is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents. number 43 added $4 trillion by his lonesome so we now have over $9 trillion of debt that we are going to have to pay back, $30,000 for every man, woman and child. that's irresponsible. it's unpatriotic. >>steve: there you've got the president, back then senator, back in the day saying that president of ours, he's running up the bills, and it would be unpatriotic what he's doing. and we cannot raise the debt limit. forward to his administration, and i think this is going to be the fourth time he has asked cong
ceiling. remember, president bush was in office at the time, so senator obama would probably be against some of the things he was talking about, particularly the debt ceiling. the senator called it irresponsible to increase the debt. listen to then-senator obama. >> the problem is that the way bush has done it over the last eight years is to take out a credit card from the bank of china in the name of our children, driving up our national debt from $5 trillion for the first 42 presidents....
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Jan 14, 2013
01/13
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CNBC
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. >> the debt ceiling is still around. >> easily, though. >> the debt ceiling is still around. you are still dealing with that and, of course, the sequester issue. there are a lot of questions about what happens. we're speccing to run into that debt ceiling sometime between february 15th and march 1st. in the meantime, let's talk about corporate news. aig is suiciding maiden lane over lawsuit rights. it's the federal vehicle created during aig's bailout. at issue is whether the insurer transferred its rights to sue for losses that it incurred on its troubled bonds when it sold $2 billion in securities to the fed in 20308. aig is preserving its right to sue the federal government and other debts. >> fed chairman ben bernanke is going to speak and answer questions at the university of michigan. in d.c., president obama is said to be forging ahead on a wide ranging plan to overhaul the immigration plan this year. this includes a path to citizenship for illegal immigrants already in the country. immigrants would have to pay fines and back taxes. it would require businesses to veri
. >> the debt ceiling is still around. >> easily, though. >> the debt ceiling is still around. you are still dealing with that and, of course, the sequester issue. there are a lot of questions about what happens. we're speccing to run into that debt ceiling sometime between february 15th and march 1st. in the meantime, let's talk about corporate news. aig is suiciding maiden lane over lawsuit rights. it's the federal vehicle created during aig's bailout. at issue is whether...
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Jan 20, 2013
01/13
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WJLA
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they will get into squabbles over the debt ceiling, buthey will not deal with the pblem in an essential way. >> i am reading robert carroll's latest book on lbj. it looked like jack kennedy was having the same problem with the congress. evererything was being sidetracked. >> that is true. i would say this as far as what senator obama said in 2006, consistency is the hobgoblin of small mes. but there was a different attitude. we have raised the debt ceiling 70-plus times. the congress has voted to do it. there was always a sense of we are not going to vote e to rai the other guys debt ceiling but there was always the understa that we would provide the votes in the final ananalysis. the president's party y did that. right now, what you have is a situation where the republican party is reduced to its lowest standing in the history of "the wall streeeet journal" nbc poll. the only thing that is worse is john boehner, 18% favorable. this is not a formidable parker. >> "politico" spoke to some unnamed republican leaders and they said that party leadaders have appeared to shut down the governm
they will get into squabbles over the debt ceiling, buthey will not deal with the pblem in an essential way. >> i am reading robert carroll's latest book on lbj. it looked like jack kennedy was having the same problem with the congress. evererything was being sidetracked. >> that is true. i would say this as far as what senator obama said in 2006, consistency is the hobgoblin of small mes. but there was a different attitude. we have raised the debt ceiling 70-plus times. the...